Borrowing in Gull River 55, Ontario

A loan taken out in Gull River 55 is governed by Ontario's licensing rules, and the 2021 Census counted 110 people in the community.

The Ontario rules that apply

The regulator for consumer credit in Ontario is the body listed by the federal Payday Lending Regulations (SOR/2024-114) provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) list Ontario among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 advanced.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

How borrowing works locally

A longer amortisation lowers each payment and raises the total interest paid over the life of the loan.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. Interest on a line of credit accrues only on the drawn portion, not on the unused limit.

The census figures for Gull River 55

In the 2021 Census, Gull River 55 had 110 residents. Its land area is 39.8 square kilometres.

Population divided by land area produces a density of 2.8 people per square kilometre.

Gull River 55 ranks 523 by population among the Ontario places on this site.

Gull River 55 is one of 527 places listed for Ontario, ranked 523 by population and measured at 39.8 square kilometres.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Collateral loans: Borrowing against an asset a lender will hold, from vehicles to savings, and what happens on default.
• Car loans: Financing a vehicle, including the effect of trade-in equity, negative equity and dealer-arranged credit.

At 110 residents in the 2021 Census, Gull River 55 is listed alongside the other covered places in Ontario.

Gull River 55 is one of 527 covered Ontario places, counted at 110 residents with a land area of 39.8 square kilometres.

Gull River 55 sits at rank 523 within Ontario in this data set, and the provincial rules apply as they do elsewhere.

Gull River 55 ranks 523 by 2021 Census population among the covered places in Ontario.

Where a figure for Gull River 55 could not be verified, the page names the publisher instead of printing a number.

The density figure for Gull River 55, 2.8 people per square kilometre, is calculated from the population and land area above.

Gull River 55 appears in the census record with 110 residents, and the density of 2.8 people per square kilometre follows from it.

The land area recorded for Gull River 55 is 39.8 square kilometres, and the population is 110 residents in the 2021 Census.

For Gull River 55, the two census fields above are the only local statistics used anywhere on the page.

The Gull River 55 page follows the same structure as every other place page, with population, land area, density and rank.

Nothing on the Gull River 55 page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

The provincial rules apply wherever a borrower is in Ontario; a municipal boundary does not change them.